Citicore Energy REIT Corp. (CREIT) is positioning its renewable energy real estate portfolio to support up to 5 gigawatts (GW) of planned solar and onshore wind projects by 2030, under the pipeline of its sponsor, Citicore Renewable Energy Corp. (CREC).

In its three-year investment strategy disclosed today, CREIT said its principal investment strategy is “to invest in income-generating renewable energy real estate properties and aim to become the largest renewable energy landlord in the Philippines.” as it aligns future asset infusions with CREC’s development pipeline.

CREIT’s role is limited to owning and leasing land and renewable energy real estate assets, allowing it to generate stable rental income while developers handle project execution and power generation.

As of September 30, 2025, CREIT’s deposited property stood at PHP 20.51 billion, supported by more than 7 million square meters of leasable land and a 100% occupancy rate across all assets. Existing leased properties host operating solar plants with a combined installed capacity of 145 megawatts peak (MWp), while newly acquired land in Batangas, Pampanga, and Pangasinan is being positioned for future utility-scale solar projects.

The REIT’s revised investment criteria allow it to lease land during the construction phase, enabling earlier rental income ahead of plant commissioning and offtake contracting. CREIT retains the option to acquire completed power plants after commissioning, subject to regulatory and commercial conditions.

Growth is expected to be concentrated in geographic clusters—including Batangas, Central Luzon, Quezon, North Luzon, Cebu, and Negros—where projects are aligned with planned National Grid Corporation of the Philippines transmission upgrades, helping reduce grid connection risk.

On the balance sheet side, CREIT said it will continue to fund acquisitions through a mix of debt and equity while complying with REIT Law limits. With an investment-grade PRS AA+ credit rating, the company can leverage up to 70% of deposited property, leaving more than PHP 9 billion borrowing headroom as of end-September 2025. 

How should renewable energy REITs be positioned in national power planning—as passive landlords or strategic enablers of capacity growth? Join the discussion.

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